Assume an economy experiences,for a given period,a 1% increase in output and a 5% increase in productivity.Given this information,we know that which of the following occurred for this economy during this period?
A) The unemployment rate increased during this period.
B) The unemployment rate decreased during this period.
C) The unemployment rate did not change during this period.
D) The effects on the unemployment rate are ambiguous.
E) none of the above
Correct Answer:
Verified
Q1: Suppose workers' and firms' expectations of the
Q3: The evidence suggests that recent technological change
A)permanently
Q4: An increase in productivity will cause which
Q5: Because of labor hoarding,an increase in output
Q6: When the production function is represented by
Q7: Which of the following statements about the
Q8: Some believe that technological progress leads to
Q9: Suppose an economy experiences an increase in
Q10: For this question,assume productivity has been increasing
Q11: The empirical evidence suggests that periods of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents